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Slowing down Arizona’s budget rollercoaster (access required)

Arizona’s recent budget history looks a lot like a rollercoaster. During years with strong economic growth, state politicians allow spending to shoot up to unsustainably high levels. Then, during economic slowdowns, when revenues fall off, state spending goes crashing downward. On a theme-park rollercoaster, the screaming during the big drop means people are having fun ...

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